Dangote to set up $100million truck plant in Lagos

Africa’s richest man, Aliko Dangote, is setting up a $100 million vehicle assembly plant in Lagos to tap the opportunity provided by the scarcity of forex and help tackle employment in the country.

The plant will be churning out heavy duty trucks on which his conglomerate, the Dangote Group, spends huge amount to import.

A spokesman for Dangote Group, Anthony Chiejina, says Dangote would be partnering a leading Chinese Company, National Heavy Duty Truck Group Company Limited, to produce several thousands of trucks used mainly for haulage.

The assembly plant in Ikeja, is expected to generate employment for about 3,000 workers.